Arctic telecom cable initiative takes major step forward
Cinia, the leading partner of the Cinia alliance, and MegaFon have today signed a Memorandum of Understanding (MoU) to set up a joint venture to prepare the build of a submarine telecommunications cable across the Arctic Sea. The widely international project would create a completely new route to connect continents and also to fulfill connectivity requirements of the Arctic region. The Cinia alliance in this phase consists of Japanese and Nordic partners and an international investment bank. The main objective of the MoU is to establish the Development Company by Q4/2019.The global economy